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- China forex reserves fall to lowest since April
China forex reserves fall to lowest since April
Reuters reports that data from the central bank's State Administration of Foreign Exchange showed that China's foreign exchange reserves fell almost 1% in September from the previous month, as the dollar gained ground against a basket of other major currencies.
The country's foreign exchange reserves - the world's largest - stood at $3.201 trillion at the end of September. That was lower than the $3.225 trillion forecast and down from $3.232 trillion at the end of August.
The $31.5 billion month-on-month decline was the steepest since March.
The dollar index climbed 1.7% in September, making the value of assets in other major currencies lower in dollar terms.
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